Axis Bank’s board approves reclassification of NIACL as ‘public investor’

axis bank reports 75 rise in q1 consolidated net profit

Public sector insurer The New India Assurance (NIACL) has been reclassified as a ‘public shareholder’ of Axis Bank from being a ‘promoter’ earlier. Last week, the country’s third-largest private sector lender had received a request from NIACL to reclassify it to public category from promoter category investor. Axis Bank is the third largest private sector … Read more

India’s GDP To Grow At 11% In This Fiscal, Says Asian Development Bank

crisil cuts indias gdp growth forecast to 5 1 for fy20

New Delhi: The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, Asian Development Bank (ADB) said on Wednesday, while cautioning that the recent surge in Covid cases may put the country’s economic recovery at “risk”. “India’s economy is expected to grow 11 per cent … Read more

UFO Moviez India, The Collective Artists Network enter into partnership

UFO Moviez India

UFO Moviez India (UFO) and The Collective Artists Network have entered into a partnership to offer influencer marketing, branded content, and social media solutions to brands across the country. This move is a result of both powerhouse players fostering a joint vision to expand their respective operations while amplifying their existing strengths and infrastructure as … Read more

HDFC AMC reports 27% rise in Q4 net profit

HDFC Asset

HDFC Asset Management Company (AMC) has reported results for fourth quarter and year ended March 31, 2021. The company has reported a rise of 26.52% in its net profit at Rs 316.08 crore for the quarter under review as compared to Rs 249.83 crore for the same quarter in the previous year. Total income of … Read more

Ashok Leyland’s arm ink pact with TVS SCS for establishing sustainable logistics network

Ashok Leyland

Ashok Leyland’s subsidiary — Switch Mobility and the United Kingdom based developer of e-buses and light commercial vehicles, has inked a partnership with TVS Supply Chain Solutions (SCS) for establishing a sustainable logistics network in the country. Under the arrangement, TVS Supply Chain Solutions will operate 1,000 e-light commercial vehicles through their partners for its … Read more

Hindustan Zinc Limited : Results for the Fourth Quarter and Full Year Ended March 31, 2021

Hindustan Zinc

 “Quarterly PAT up 85% (YoY); Highest-ever annual silver production” Highlights for the quarter Highest-ever UG Mined metal production: 288kt Highest-ever Refined metal production: 256kt Saleable silver production: 203 MT Best-everquarterly EBITDA,up 98% YoY Zinc COP: $945 per MT Highlights for the year Highest-ever Mined metal production: 972kt Refined metal production: 930kt Highest Saleable silver production: … Read more

Stellantis Announces Key Leadership Appointments for India & Asia Pacific Region

Dr. Partha Datta Engineering Design RD across India Asia Pacific r...

Udapur : Stellantis India & Asia Pacific has today announced key leadership appointments for its operations both within in India and the region. Mr. Roland Bouchara, has been appointed to the role ofCEO &Managing Director for Stellantis in India with full responsibility for the Jeep and Citroën national sales companies (NSCs), coupled with the Group’s manufacturing … Read more